B
Barrick Mining Corporation
B's fundamentals are strong and it looks cheap: trading at 9.7x earnings, below its usual 16x.
B Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Strong | |
| Strong | |
| Strong |
B's revenue, profitability, cash flow and balance sheet are all currently strong.
B PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 9.7x | $37.84 | — |
| Cheap | 12x | $46.86 | +24% |
| Fair | 16x | $63.67 | +68% |
| Expensive | 25x | $97.06 | +156% |
Historical ranges are pointers, not guarantees.
B's PE is in its cheap range at 9.7x.
B Forward outlook
There aren't enough analyst estimates for B to show an outlook.
B Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2026 | $3.91 | +146% |
| Q1 2026 | $3.65 | +174% |
| Q4 2025 | $2.98 | +142% |
| Q3 2025 | $2.07 | +123% |
| Q2 2025 | $1.59 | +85% |
| Q1 2025 | $1.33 | +60% |
| Q4 2024 | $1.23 | +68% |
| Q3 2024 | $0.93 | +2225% |
B's earnings per share have climbed steadily: $3.91 over the past year, up 146% from the year before, and higher year over year for 11 quarters in a row.
B Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $5.3B | +44% |
| Q1 2026 | $5.2B | +67% |
| Q4 2025 | $6B | +65% |
| Q3 2025 | $4.1B | +23% |
| Q2 2025 | $3.7B | +16% |
| Q1 2025 | $3.1B | +14% |
| Q4 2024 | $3.6B | +19% |
| Q3 2024 | $3.4B | +18% |
B's revenue has grown year over year for 12 quarters in a row: $5.3B last quarter, up 44% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 50% | +4.4 points |
| Q1 2026 | 57% | +18 points |
| Q4 2025 | 51% | +10 points |
| Q3 2025 | 50% | +16 points |
| Q2 2025 | 46% | +12 points |
| Q1 2025 | 40% | +14 points |
| Q4 2024 | 41% | +16 points |
| Q3 2024 | 35% | +5.3 points |
B's operating margin was 50% last quarter, up 4.4 points from the same quarter a year ago.
B Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $669M | +69% |
| Q1 2026 | $1.7B | +342% |
| Q4 2025 | $1.7B | +249% |
| Q3 2025 | $1.5B | +233% |
| Q2 2025 | $395M | +16% |
| Q1 2025 | $375M | +941% |
| Q4 2024 | $501M | +268% |
| Q3 2024 | $444M | +24% |
B generated $5.6B in free cash flow over the past year, about three times what it generated the year before.
B Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.5% | -9M shares |
| 1 year | -2.9% | -50M shares |
| 3 years | -5.1% | -89M shares |
| 5 years | -6.4% | -113M shares |
| Available history | -5.1% | -90M shares |
B has 1.7B diluted shares, down 2.9% from a year ago, with $2.3B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | $1.2B |
| Q1 2026 | — |
| Q4 2025 | $508.2M |
| Q3 2025 | $589M |
| Q2 2025 | $268M |
| Q1 2025 | $143M |
| Q4 2024 | $354M |
| Q3 2024 | $95M |
B spent $2.3B buying back its own shares over the past year, up 164% from the year before.
B Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.1x | Net Cash |
| Q1 2026 | -0.2x | Net Cash |
| Q4 2025 | -0.2x | Net Cash |
| Q3 2025 | -0.0x | Net Cash |
| Q2 2025 | -0.0x | Net Cash |
| Q1 2025 | 0.1x | Very low |
| Q4 2024 | 0.2x | Very low |
| Q3 2024 | 0.1x | Very low |
B has more cash than debt.
B Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 44.8 | Neutral |
| Stochastic | 18.9 | Oversold |
B's weekly RSI is 45 (neutral) and its Stochastic is 19 (oversold).
B PE vs Basic Materials Sector
| Metric | B | Sector median | Relative |
|---|---|---|---|
| PE | 9.7x | 19x | 48% below |
| PE % | 5 | 40 | 35 pts below |
B is trading at 9.7x earnings, a 48% discount to the Basic Materials sector's median of 19x.
B Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $39.8 | 5% below |
| 20 week MA | $40.6 | 6.8% below |
| 50 week MA | $42.3 | 10% below |
| 100 week MA | $32.7 | 16% above |
| 200 week MA | $25.0 | 51% above |
B has pulled back, but its long-term trend is still up: it's below its 8-, 20- and 50-week averages, but 51% above its 200-week average.
B Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $18.4 | $22.9 | +25% |
| 2021 | $22.9 | $18.6 | -19% |
| 2022 | $18.6 | $17.4 | -6.4% |
| 2023 | $17.4 | $18.1 | +4% |
| 2024 | $18.1 | $15.7 | -13% |
| 2025 | $15.7 | $46.2 | +195% |
| 2026 YTD | $46.2 | $37.8 | -18% |
B has finished lower in three of the last six years. It's down 18% so far in 2026.